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Iraq Oil & Gas Daily Postings       Iraq: Govt plays hardball over oil contracts    Iraq stands firm, rejects foreign oil deals    Flop to some Iraq oil sale may be victory to others    Iraq Moves Up Next Round of Bidding for Oil Fields    Iraqi Cabinet approves BP's offer on Rumaila    On Day of Auctions to Develop Fields, the Country Strikes Just One Deal    Iraq asks oil firms to resubmits bids for fields    Iraq's Zubair field draws 4 bids    Baghdad preparing to bid on multibillion-dollar oil and gas deals Tuesday    Iraqi oil licensing round started with awarding BP huger Rumaila field    BP Consortium wins Iraq contract    Iraq wrestles with corruption so deep it is strangling reconstruction    (AFX UK Focus) 2009-06-28 12:05 UPDATE 1-Sandstorm delays start to Iraq oil tenders    The First Licensing Round Gets off the Ground: The Politics of Oil in Iraq    Chinese Oil Giant Makes Offer for Rival    Japan firms likely get Iraq oil field deal -paper    Oil firms to scramble for Iraq deals on live TV    Iraq oilmin grilled by lawmakers for second time    Occidental to Seek Iraq Partners If First Bid Fails (Update2)    Up for bid at Iraq oil auction: Uncertainty    Bomb kills 13 and wounds 45 in Baghdad    Iraqi oil minster faces lawmakers    Iraq Says May Earn 100 Times More Than Oil Companies (Update1)    Iraq oil min defends oil deals before parliament    Iraq: Kurds demand oil bidding round be annulled  
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Preliminary assessment of the Model Gas Service Development and Production Contract “GSDPC”
Ahmed M. Jiyad Norway Email: mou-jiya@online.no

Final conclusion: considering the above and their possible implications it seems this contract and all other contracts related to 1st bidding round do not and could not deliver the best interest for the Iraqi people.

The First Licensing Round Gets off the Ground: The Politics of Oil in Iraq

By Reidar Visser (www.historiae.org)
28 June 2009

"The atmosphere of the January local elections revealed unambiguous support for a centralist and nationalist agenda among the Iraqi public, and it is this agenda that is perceived by many as being challenged by the procedures of the first licensing round. Iraqis ask themselves why so many deals have to be cut, for such a long period, and in such a rush. Many question whether Iraq, with some of the worlds biggest energy reserves, should really have to resort to what some observers describe as a panic-induced stop-gap measures for the Iraqi economy. Is it not the case that the IOCs will always be interested in Iraq given the size of its reserves, and that in a worst-case scenario globalising state oil companies from China to Brazil would be perfectly happy to step in to do technical-service work should the oil majors become exasperated? These are themes from the current Iraqi debate that could become a lot more pronounced as the 2010 parliamentary elections come closer and Iraqi political parties begin their attempts to make capital of the rising nationalist trend that was highlighted in the January local elections."


On Day of Auctions to Develop Fields, the Country Strikes Just One Deal: 
Iraq asks oil firms to resubmits bids for fields: 
Iraqi Cabinet approves BP's offer on Rumaila: 
Iraqi oil licensing round started with awarding BP huge Rumaila field: 
BP Consortium wins Iraq contract:     
Baghdad preparing to bid on multibillion-dollar oil and gas deals Tuesday: 
Iraq's Zubair field draws 4 bids:   
Iraq wrestles with corruption so deep it is strangling reconstruction:   

 

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Iraq: Govt plays hardball over oil contracts :  ( Posted on 2009-07-03 ) INDEPENDENT: By Patrick Cockburn .BAGHDAD - Iraq is locked in a struggle with the world's largest oil companies over contracts that would see "Big Oil" return to the Iraqi oilfields for the first time in almost 40 years.   
Iraq stands firm, rejects foreign oil deals:  ( Posted on 2009-07-03 ) AFP: Iraq on Wednesday said it has rejected further offers from foreign companies to work in the country's oil and gas sector and pledged that some sites will instead be solely exploited by state-owned firms. Skip related content   
Flop to some Iraq oil sale may be victory to others:  ( Posted on 2009-07-02 ) By Suadad al-Salhy and Ahmed Rasheed BAGHDAD, July 1 (Reuters) - To oil executives, Iraq's first auction of energy contracts since the U.S. invasion was a giant flop. To Iraqis, basking in a renewed sense of sovereignty and nationalism, it may turn out l   
Iraq Moves Up Next Round of Bidding for Oil Fields:  ( Posted on 2009-07-02 ) BAGHDAD --online.wsj.com, The Iraqi oil ministry announced it will move up a second round of licensing bids for 11 oil and natural-gas fields that was to be held at the end of this year.   
Iraqi Cabinet approves BP's offer on Rumaila:  ( Posted on 2009-07-01 ) BAGHDAD (AP) - The Iraqi government has approved an offer submitted by a consortium led by British giant BP PLC to develop the 17.8 billion barrel Rumaila oil field in the south.   
On Day of Auctions to Develop Fields, the Country Strikes Just One Deal:  ( Posted on 2009-07-01 ) BAGHDAD, June 29 -- Iraq's effort to woo foreign energy companies to help resurrect its ailing oil fields fell flat Tuesday, as most companies balked at the financial terms offered by the government despite the lure of the country's vast reserves.   
Iraq asks oil firms to resubmits bids for fields:  ( Posted on 2009-07-01 ) BAGHDAD, June 30 (Reuters) - Iraq's oil minister on Tuesday asked international oil firms bidding for oil contracts to reconsider their proposals for fields the Oil Ministry had yet to strike deals on.   
Iraq's Zubair field draws 4 bids:  ( Posted on 2009-06-30 ) (AP:BAGHDAD) Iraq's oil minister said Tuesday four groups of international oil firms have submitted bids to develop Iraq's 4.1 billion barrel Zubair oil field, while only one bid has been received for another cluster of three fields with over 2.6 billion   
Baghdad preparing to bid on multibillion-dollar oil and gas deals Tuesday:  ( Posted on 2009-06-30 ) By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--International oil companies, seeking stakes in the world's most lucrative oil and gas industry, are in Baghdad preparing to bid on a series of multibillion-dollar oil and gas deals Tues   
Iraqi oil licensing round started with awarding BP huger Rumaila field:  ( Posted on 2009-06-30 ) By SINAN SALAHEDDIN Associated Press Writer (AP:BAGHDAD) Iraq's long-awaited licensing round to develop some of its massive oil reserves stumbled Tuesday as oil and gas companies dug in their heals, demanding more money for their efforts than the govern   
BP Consortium wins Iraq contract:  ( Posted on 2009-06-30 ) ameinfo.com   
Iraq wrestles with corruption so deep it is strangling reconstruction:  ( Posted on 2009-06-29 ) By Patrick Cockburn,nzherald.co.nz:In Iraq corruption is pervasive at every level. "Corruption exists all over the world but is at its worst here," laments Ateej Saleh Midhat, a 26-year-old employee of the state-owned Rafidain Bank.   
(AFX UK Focus) 2009-06-28 12:05 UPDATE 1-Sandstorm delays start to Iraq oil tenders :  ( Posted on 2009-06-28 ) BAGHDAD, June 28 (Reuters) - Iraq has postponed the first day of highly anticipated tenders for eight major oil and gas fields due to a thick sandstorm that engulfed Baghdad on Sunday, the Oil Ministry said.   
The First Licensing Round Gets off the Ground: The Politics of Oil in Iraq:  ( Posted on 2009-06-28 ) By Reidar Visser (www.historiae.org) 28 June 2009   
Chinese Oil Giant Makes Offer for Rival:  ( Posted on 2009-06-27 ) N.Y. TIMES: The giant Chinese oil company Sinopec made a $7.22 billion takeover bid on Wednesday for the international oil and gas exploration company Addax Petroleum   
Japan firms likely get Iraq oil field deal -paper:  ( Posted on 2009-06-27 ) Reuters: TOKYO, June 26 - A group of three Japanese companies, led by Nippon Oil Corp <5001.T>, is in the final stage of talks with Iraq to win the development contract for Iraq's huge Nassiriya oilfield, a Japanese newspaper reported on Friday.   
Oil firms to scramble for Iraq deals on live TV:  ( Posted on 2009-06-27 ) REUTERS: DUBAI - The secretive world of Middle East oil deals will be thrown open in Baghdad next week when a contract auction is broadcast live, shining a spotlight on big oil dealmakers that prefer to stay behind the scenes.   
Iraq oilmin grilled by lawmakers for second time:  ( Posted on 2009-06-27 ) REUTERS: BAGHDAD, June 25 - Iraq's oil minister faced critical lawmakers for a second time on Thursday over his plans to dole out contracts next week allowing foreign firms to develop some of Iraq's most promising oil and gas fields.   
Occidental to Seek Iraq Partners If First Bid Fails (Update2):  ( Posted on 2009-06-27 ) June 25 (Bloomberg) -- Occidental Petroleum Corp., the fourth-biggest U.S. oil company by market value, may buy stakes in Iraq projects led by other producers if it fails to win a contract in the war-torn countrys first round of bidding.   
Up for bid at Iraq oil auction: Uncertainty:  ( Posted on 2009-06-26 ) BAGHDAD - More than three decades after they were booted from the country by Saddam Hussein, international oil companies are poised for a return to Iraq where next week they will bid for a slice of the country's vast crude reserves.   
Bomb kills 13 and wounds 45 in Baghdad:  ( Posted on 2009-06-26 ) (Reuters) - A bomb killed at least 13 people and wounded 45 when it exploded in an industrial area of Baghdad Friday, just four days before U.S. combat troops are due to withdraw from Iraqi cities and towns.   
Iraqi oil minster faces lawmakers:  ( Posted on 2009-06-24 ) BAGHDAD, June 23 (UPI) -- The oil minister in Iraq faced tough questions before lawmakers Tuesday over the first round of oil field auctions since the U.S.-led invasion in 2003   
Iraq Says May Earn 100 Times More Than Oil Companies (Update1) :  ( Posted on 2009-06-24 ) June 23 (Bloomberg) -- Iraq, holder of the worlds third- largest oil reserves, will earn 100 times more than international companies that develop some of its largest crude deposits, Oil Minister Hussain al-Shahristani said.   
Iraq oil min defends oil deals before parliament:  ( Posted on 2009-06-24 ) BAGHDAD, June 23 - Iraqi Oil Minister Hussain al-Shahristani defended to sceptical lawmakers on Tuesday plans to award the first major energy contracts since the 2003 U.S. invasion, saying Iraq stood to earn almost $2 trillion on them   
Iraq: Kurds demand oil bidding round be annulled:  ( Posted on 2009-06-24 ) BAGHDAD (AP) - Iraq's self-ruled Kurdish region has branded Baghdad's energy contracts due to be awarded at the end of this month as "unconstitutional" and demanded they be annulled.   
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  • Iraq Oil Law Draft Documents and related articles
    ** The Iraq Oil Law Draft in English (15 feb 2007)
    ** The Iraq Oil Law Draft in Arabic (15 Feb 2007)
    ** The Iraq Oil Law Draft in Arabic (15 Jan 2007)
    ** The Iraq Oil Law Draft in English (15 Jan 2007)

    Below are the formats of the proposed Economical Models to be intentionally used once the new petroleum law will be approved. The date of these documents is the 7th May 2007.
    1. Development & Production Contract (DPC).
    2. Exploration & Development Contract (EDC).
    3. Exploration & Production Contract (EPC).
    4. Field Development Contract (FDC).
    ** Open Letter From Iraqi Oil Experts To Parliament: English version (Amman 17 February 2007 Meeting)
    ** Open Letter From Iraqi Oil Experts To Parliament: Arabic version (Amman 17 February 2007 Meeting)
    ** Geographical Distribution of Iraqi Oil Fields and Its Relation with the New Constitution by Kamil al-Mehaidi Petroleum Adviser
    ** Key Principles For An Effective Iraqi Petroleum Policy And Regulatory Framework By Hamid Dhiya Jafar
    ** On the latest Iraq petroleum law- June, 2007 By Tariq Shafiq 2 July 2007



     Iraq Oil Law Update
    ** Iraqi Officials Urge Parliament To Pass Oil Bill: 
    ** Iraqi Officials Urge Parliament to Pass Oil Bill: 
    ** Deputy: The House of Representatives is still waiting for the final compromise draft of the oil and : 
    ** Hayali: the Presidency request the postponement of discussions on oil and gas law: 
    ** MP: Oil and Gas law set to be read by house of representatives : 
    ** Fourth draft of the Iraqi oil legislation prepared to be by the second quarter of 2009: 
    ** Are Iraq Oil contracts legal and sustainable without new Iraq Oil law?: 
    ** Iraqi Parliament debates oil law next week: 
    ** Iraqi MP says oil law could pass by year end: 
    ** Iraqi parliament committee fails to back oil law: 
    ** Iraqi Council of Representatives will discuss Oil Law this week: 
    ** Ministry of Oil: the House of Representatives is responsible for resolving the issue of KRG contract: 
    ** Iraqi Oil Minister: Contracts of the Kurdistan region hamper the adoption of oil and gas law (Azzama: 
    ** The Minister of Planning calls for the adoption of the law of oil and gas : 
    ** Political rifts slow recovery of Iraqi oil, FT: 
    ** Agreement on considering endorsement of four oil laws in "one go": 
    ** New panel to iron out differences on Iraq oil law: Kurd leader: 
    ** Iraqi Government and Kurdistan regional government seek to solve rows over oil and gas Law: 
    ** Oil Ministry adheres to the oil draft law approved by the Council of Ministers: 
    ** Nnigervan Barzani's visit to Baghdad to settle the law of oil and gas: ALAAN-ARABIC: 
    ** Iraq's Khurmala oil field dispute between Iraq's central and Kurdish regional governments: 
    ** Kurdistan PM Barzani Says Oil Talks with Baghdad to Continue: 
    ** Statement by Iraqi Federation of Oil Unions to 2008 Chevron and ExxonMobil Shareholder Meetings:: 
    ** ALhassani : Kurdistan Regional Government is a weak negotiator :Newsmatik / Baghdad, IRAQALAAN-ARAB: 
    ** Political blocs to adopt the February version of the the Law of Oil and Gas: 
    ** Political pressure to lay Iraqi oil law to parliament before the end of this month : 
    ** Kurd PM says oil talks with Iraq positive : 
    ** Kurds snatch new concessions on oil and militias: 
    ** Expert Cites Iraq's Urgent Need for Political Power-Sharing and Swift Action on Oil Legislation : 
    ** Iraqi Kurds Not Content With Draft Oil Law: 
    More on Oil Law

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